The Reserve Bank of Australia (RBA) has kept the cash rate at a record-low 0.10%, as the overwhelming majority of commentators expected. Throughout this year, the RBA has said repeatedly it will not increase the cash rate until underlying inflation is within the 2–3% target range. The RBA said this is unlikely to happen until 2024, [...]
We've made it to spring! As the season changes, so does the property and lending landscape. Here are 4 stories making headlines right now: Property sales up 42% Analysis reveals fixed-variable rate gap Aussies saving more money More borrowers using brokers Read more below. Almost 598,000 residential properties were sold in the year to August, which [...]
The Reserve Bank of Australia’s board (RBA) announced the cash rate is being held at 0.10%, where it has been since November 2020. The move was widely anticipated, as the RBA’s board has said they do not expect to increase the cash rate until inflation is within the 2-3% target band. This is not expected to [...]
Here are a few things happening in the market as we approach spring: Investor activity rising Demand outstripping supply Lenders offering green loans ATO issues tax warning Read more below. First home buyers have been drifting out of the market, while investors have been piling in, according to the most recent data from the Australian Bureau [...]
The Reserve Bank of Australia (RBA) announced the cash rate will remain unchanged at 0.10% after its monetary policy meeting today. This marks the eighth consecutive meeting at which the cash rate has been held at its historic low. The RBA has repeatedly maintained the cash rate is unlikely to rise before 2024, when it is [...]
These stories might help you make or save money: Mortgage deferrals available Many homes cheaper to buy than rent Property investors cashing in ATO reveals key tax mistake Happy reading! As many parts of Australia have returned to lockdown over the past few weeks, lenders have offered home loan relief to borrowers who may have been [...]
In line with expectations, the Reserve Bank of Australia (RBA) kept the cash rate at 0.10% at its sixth monetary policy meeting this year. RBA Governor Dr Philip Lowe has repeatedly maintained that the cash rate will not change until inflation is sustainably within the 2-3% target band. "For this to occur, the labour market will [...]
Wondering what's happening in the market? Check out these stories: Borrowers hit with loyalty tax Keep lending standards high, says RBA Property market sets new record Government releasing 30,000 grant spots Read more below. Loyal borrowers pay higher interest rates Borrowers who stick with the same lender year after year are probably being slugged with a [...]
The Reserve Bank of Australia (RBA) left the cash rate unchanged at 0.10% for June, following its monthly board meeting. The decision was widely anticipated, as the RBA’s board has repeatedly maintained it will not increase the cash rate until actual inflation is sustainably within the 2-3% target band. The Reserve Bank expects inflation in underlying [...]
I've picked out four stories that round out the big news in the property and finance markets: Rents growing strongly Budget promotes home ownership Property now worth $8 trillion Taxpayers warned about dubious expense claims Read more below. Conditions favour buyers as rents grow strongly Rents have surged over the past year, with houses outperforming units, [...]
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